Thoughts and observations on the radio/TV station and wireless tower trading markets. A look at the impact and integration of new media into station operations.
Station values, stations for sale, radio and TV station news, towers, and more from a Director of Media Services Group and co-publisher of Inside Towers.

Thursday, August 4, 2016

WVJT, LLC has entered into an agreement* to purchase WVMP (FM) in Roanoke, VA, from Community Media Group, LLC. The buyer is headed by Todd Robinson, who owns radio stations in Lynchburg, Bedford, Covington, Clifton Forge and Lewisburg West Virginia. The seller is headed by Dr. William E. Amos, who holds no other broadcast interests, but will become a shareholder of Community Media Group upon the closing of the transaction. WVMP will continue to be located at the Patrick Henry Hotel. WVJT, LLC began operating WVMP on August 1, 2016, under a local marketing agreement. According to Todd Robinson, "Our group is excited to become a part of such a wonderful community (Roanoke area) and look forward to continuing and expanding the fine broadcast services started by Dr. Amos and his very capable staff." According to Dr. Amos, "My workload as CTO of Meridium and other software ventures has increased. This month we will release a new version of our software and I need to spend more time working with Meridium customers and project teams making the transition to the new product line. I'm excited to be a shareholder of Todd's company and will assist as required. Being a shareholder of the group was important to me continue to promote the local market." He went on to say, "I'm quite proud of the gains the station has made over the past eight months in terms of revenue and improved signal. It's good to leave the station on an up note. The entire staff has done a remarkable job and I can't wait to see the impact of WVMP being affiliated with a group that provides complete market coverage." The purchase price is $600,000. George Reed of Media Services Group represented the Seller in this transaction. *Pending FCC Approval